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Dec 3, 2013 10:00am EST
of principal on mortgages in areas hardest hit by foreclosures like detroit and cities like cleveland and toledo in ohio. j.p. morgan chase currently holds, get this, nearly a million mortgages. 208,000 mortgages considered seriously delinquent and in excess of 700,000 which are under water. that's too much power over our marketplace in too few hands. 500 million of the settlement will be credited for the removal of blight from neighborhoods through demolition reducing interest rates and offering new loans to low income borrowers. every community in america could use some of that. that's very little money for a very big hole. this setment may appear like a big step. it's a small step in the right direction. however let me put these figures on the record. last year j.p. morgan chase made $21.3 billion in profits. that doesn't count what's in their reserves. a settlement of $13 billion therefore is barely half of what j.p. morgan made in all of last year after expenses. in fact, this setment of $13 billion is equal to exactly half of what they had already setaside, $26 billion, for lega
Dec 4, 2013 10:00am EST
point. the decades' long shift in the economy have hurt all groups, poor and middle class, inner city and rural folks, men and women. and americans of all races. and as a consequence, some of the social patterns that contribute to declining mobility that were once attributed to the urban poor -- that's a particular problem for the inner city. single parent households or drug abuse or -- it turns out now we're seeing that pop up everywhere. a new study shows that disparities in education, mental health, obesity, absent fathers, isolation from church, isolation from community groups, these gaps are now as much about growing up rich or poor as they are about anything else. the gap in test scores between poor kids and wealthy kids is now nearly twice what it is between white kids and black kids. kids with working class parents are 10 times likelier than are more likely to -- the fact is this, the opportunity gap in america is now as much about class as it is about race and that gap is growing. so if we're going to take on growing inequality and try to improve upward mobility for all peopl
Dec 2, 2013 2:30pm EST
. striking down vibrant men and women in the prime of their lives. spreading from city to city and country to country seemingly overnight. today, that picture has transformed. thanks to the courage and love of so many of you in this room and around the world. awareness has soared. research has surged. prevention, treatment, and care are now saving millions of lives. in some of the poorest countries as well. for many, with testing and ask us to the right treatment, the disease that was once a death sentence now comes with a good chance of a healthy and productive life. that is an extraordinary achievement. as president, i have told you that you will have a partner in me. if the united states wanted to be the global leader of combating this disease, we needed to act like it. by doing our part and leading the world. that is what we have done, in partnership with so many of you. we have created the first hiv aids strategy. every person should get access to life extending care, regardless of age, gender, race, or ethnicity. we have continued to support the ryan white care act. we have listed th
Search Results 0 to 2 of about 3